Defence Minister Launches Defence India Startup Challenge

Recognising the first set of incubators for these challenges the ministry has also signed an MoU with 5 incubators. IIM Ahmedabad, IIT Mumbai, Forge IIT Madras, and T hub who will work in tandem to provide solutions for defence requirements in Airforce, Navy and for Army.

Raksha Mantri also launched SPARK (support for prototype and research Kickstart) in defence, framework for IDEX partners, and promotion of start ups under Make II procedure.

NHAI signs MoU with SBI for long term unsecured loan of Rs.25,000 crore

The NHAI has signed an MoU with SBI for a Long Term Unsecured Loan of Rs.25,000 crore for 10 years with 3 years of moratorium on repayments.

This is the SBI’s highest long-term unsecured loan to any entity.

This is also the largest loan amount to have been sanctioned to NHAI in one stroke by any institution.

Japan Pips China To Become World’s 2nd Largest Stock Market

Japan has pipped China as the world’s number two stock market, according to a Bloomberg report. At one of the time, the Chinese market was worth $6.09 trillion next to Japan’s $6.17 trillion.

Both markets are ranked after the US which is the world’s largest at just over $31 trillion. China lost to Japan after Chinese stocks and currency fell this year amid a trade spat with the US.

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Upasana Pradhan

Hello, my name is Upasana Pradhan, I’m currently working as a Content Writer. I have done my Masters in Electronics and Communication from Delhi Technological University, Delhi. I always had a passion for writing. Apart from that, I love listening music, hanging out with friends, Cooking and Shopping.